SANTKIRPA VENTURES LLP

In their own words

M/s SantKirpa Ventures LLp is planning to setup a project of Manufacturing of Ice (50 kg blocks) and Packaged Drinking Water Bottles (500ml–2L). The Business firm and its owners have the relevant expertise & experience to set up this project and make it run as a profitable business in years to come. As per Morgan Stanley Report, India is on track to become the world’s third largest economy by 2027, surpassing Japan & Germany. India’s GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. As per World Economic Forum (WEF), till 2005, 69% of India’s households were classified as “low income. In the last 13 years, many households have become prosperous middle class. With a steady GDP growth rate of 7.5% a year, by 2030 and 1 in 2 households will be in the high and upper-middle-income segments – up from 1 in 4. The new middle-class households will represent an equal mix of existing households becoming more prosperous & the creation of new households where youngsters are more educated and better employed than their parents.Additionaly, the rural market is now segregating itself into two cohorts – “developed rural” and the “rest of rural India”. Incomes in developed rural areas are already on a par with small towns and vastly higher than the rest of rural India. WEF projections suggest that developed rural India will be home to 240 million consumers by 2030. Manufacturing has emerged as one of the high growth sectors in India. The ‘Make in India’ program has placed India on the world map as a manufacturing hub. Due to factors like power growth, long-term employment prospects, and skill routes for millions of people, India has a significant potential to engage in international markets. These value chains are well positioned to benefit from India's advantages in terms of raw materials, industrial expertise, and entrepreneurship.

Written by the company on its public Startup India profile. Not verified by us.